Patience waning as property tax probe dampens expectations of relief, cuts
Lawmakers on summer study say their work won't recommend assessment changes
PIERRE — A panel of lawmakers assembled to study property taxes is tempering hopes their work will do much to bring relief to South Dakotans.
Others, though, are warning a perfunctory effort from Pierre to address rising land valuations and increasingly burdensome yearly tax bills will result in voters taking matters into their own hands.
A summer study on “property tax assessment methodology” — the South Dakota Legislature Executive Board’s response to ongoing calls for property tax reduction — convened for the first time this week, delving into the tax formula that generates billions each year for townships, cities, counties, school districts and the state.
